TrimTabs Asset Management LLC Has $1.28 Million Stock Position in Trane Technologies plc (NYSE:TT)

TrimTabs Asset Management LLC lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 50.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,639 shares of the company’s stock after selling 7,777 shares during the period. TrimTabs Asset Management LLC’s holdings in Trane Technologies were worth $1,284,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Trane Technologies by 4.7% during the fourth quarter. BlackRock Inc. now owns 17,933,014 shares of the company’s stock worth $2,603,156,000 after purchasing an additional 798,631 shares during the period. FMR LLC lifted its holdings in shares of Trane Technologies by 52.3% during the fourth quarter. FMR LLC now owns 9,959,508 shares of the company’s stock worth $1,445,722,000 after purchasing an additional 3,421,200 shares during the period. Norges Bank acquired a new position in shares of Trane Technologies during the fourth quarter worth $410,327,000. Dimensional Fund Advisors LP lifted its holdings in shares of Trane Technologies by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,246,302 shares of the company’s stock worth $326,070,000 after purchasing an additional 11,506 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Trane Technologies by 19.7% during the fourth quarter. Federated Hermes Inc. now owns 1,857,437 shares of the company’s stock worth $269,625,000 after purchasing an additional 306,090 shares during the period. Institutional investors own 79.85% of the company’s stock.

Shares of NYSE:TT traded down $0.05 during midday trading on Thursday, hitting $166.45. 8,355 shares of the company’s stock were exchanged, compared to its average volume of 1,206,475. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.67 and a quick ratio of 1.38. The stock has a 50 day moving average price of $160.98 and a 200-day moving average price of $145.35. The company has a market cap of $39.69 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Trane Technologies plc has a 12 month low of $73.73 and a 12 month high of $169.47.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, February 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.08 billion. Trane Technologies had a net margin of 6.75% and a return on equity of 18.42%. Trane Technologies’s revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Trane Technologies plc will post 4.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, March 4th. This is a boost from Trane Technologies’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 1.42%. Trane Technologies’s payout ratio is 37.05%.

A number of equities analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of Trane Technologies from $158.00 to $166.00 and gave the stock an “outperform” rating in a report on Monday, February 8th. Zacks Investment Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Wednesday, March 17th. Barclays lifted their target price on shares of Trane Technologies from $173.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Trane Technologies from $143.00 to $151.00 and gave the stock a “hold” rating in a research note on Monday, February 8th. Finally, Royal Bank of Canada lifted their target price on shares of Trane Technologies from $137.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Monday, February 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $139.00.

In related news, SVP Keith A. Sultana sold 4,914 shares of the business’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $150.32, for a total transaction of $738,672.48. Following the transaction, the senior vice president now directly owns 16,561 shares in the company, valued at $2,489,449.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcia J. Avedon sold 2,737 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $147.16, for a total transaction of $402,776.92. 0.92% of the stock is currently owned by insiders.

Trane Technologies Company Profile

Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy, and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. It operates through the following segments: Americas, EMEA, and Asia Pacific.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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